Fleet Reserve Club of Annapolis (EIN 520671195) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

Patrick Fedorowicz

Phone

4102634614

Tax Period

2024-01-01 to 2024-12-31

Fleet Reserve Club of Annapolis, founded in 1946, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 10% surplus.

Mission

Provide social and recreational activities for veteran military members

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $309,391

Program Service Revenue $330,066

Investment Income $8,577

Other Revenue $1,063,335

TOTAL REVENUE $1,711,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $830,021

Fundraising Expenses $0

Other Expenses $705,975

TOTAL EXPENSES $1,535,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,711,369	$1,642,739	+0.0%
Expenses	$1,535,996	$1,557,356	0.0%
Net Income	$175,373	$85,383	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Fedorowicz	Chairman	5.00	Officer Director	$0	$0	$0
Jimmy Beckett	Vice Chairman	5.00	Officer Director	$0	$0	$0
Robert Schiller	Treasurer	5.00	Officer Director	$0	$0	$0
Claire Purdy	Director	5.00	Director	$0	$0	$0
Joe Berizzie	Secretary	5.00	Officer Director	$0	$0	$0
Gary Van Nest	Director	5.00	Director	$0	$0	$0
John Bocchicchio	Director	5.00	Director	$0	$0	$0
Mike Kennedy	Director	5.00	Director	$0	$0	$0
Lew Bearden	Director	5.00	Director	$0	$0	$0
George Shannon	Director	5.00	Director	$0	$0	$0
Chris Erickson	Director	5.00	Director	$0	$0	$0
Brian Merkel	Director	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,711,369	$1,535,996	$2,921,220	$175,373
2023	$1,642,739	$1,557,356	$2,815,909	$85,383
2022	$1,712,043	$1,310,822	$2,758,994	$401,221
2021	$1,528,356	$1,319,442	$2,560,168	$208,914
2020	$1,014,042	$1,058,086	$2,261,006	$-44,044

Fleet Reserve Club of Annapolis